Freight rate increases eyed by eastern rail presidents
The conference of railroad presidents east of the Mississippi and north of the Ohio discussed raising freight tariffs. They plan five to six months of schedule revision before a central meeting approves changes. Opposition from business groups and shipper organizations was evident, with calls for no immediate increases and debates over timing and scope.
MENTIONED IN THIS ARTICLE
Mississippi
Ohio River
Trunk Line Association
E. H. Harriman
James
Pennsylvania
W. H. Newman
Ge New York Central
F. A. Delano
Walsh
F. D. Underwood
Erie
Charles M
Grand Trunk
Oscar C. Murray
Baltimore & Ohio
W. H. Truesdale
Qeekswanna
E. B. Thames
Lehigh Valley
Georee F Bae
Railway Transportation Committee
The
Board of Trade and
Transportation
New York
Hience
Everel
Farmers Loan Trust and Franklin Trust Plan Close Ties
Announcement says Farmers Loan and Trust of this city and Franklin Trust of Brooklyn will deepen business ties. New York firm reportedly holds a majority of Franklin stock. Edwin Marston and three Farmers directors named trustees of Franklin. Franklin president George Southard resigns for health. no formal consolidation declared, but many expect a de facto merger.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
Franklin Trust Company
Brooklyn
Tribune
New York Institution
Edwin £. Marston
Farmers’ Loan End Trust Company
Hugh D Auchincless
Moses 7 Pine
Charles A. Peabody
Brocklin Company
George H. Sorthard
Southern
California
Pet
Manhattan
Franklin
Lean End Trust Company
Wall Street
English foreign trade declines in April totals
The Board of Trade April report shows imports down by 43,414,000 and exports down by 16,98 in a month with declines in raw materials. Wool and cotton shipments fall notably, while manufactured metals and textiles also show reductions.
MENTIONED IN THIS ARTICLE
London
Board of Trade
America
Western Pacific Financing Plan Seen To Raise 19000
The Western Pacific finance officers have not announced specifics for extra capital for equipment. It is learned plans to raise 19000 through short term notes are nearly perfected. The issue will likely be an obligation of the Denver Rio Grande Railroad Company, not a direct Western Pacific issue.
MENTIONED IN THIS ARTICLE
Benkere
Western Pacific
Gould
Salt Lake City
San Francisco
Denver
Rio Grande
Corn Prices Rise Amid Rain Aids Short Sellers
Severe rains drive corn futures higher with May prices jumping as traders react to limited receipts. Offers for May futures opened around mid to upper 30s cents, though initial quotes quickly proved fragile. Market observers note light arrivals and ongoing relief for shorts as the week progresses.
Commission Broker Elmer A Elizworth Suspended
The Consolidated Stock Exchange suspended Elmer A Elizworth a commission broker with offices at 36 Broadway. A member of the little board since 1925 he said the action stemmed from customers failing to meet margin calls. The suspension did not impact prices.
MENTIONED IN THIS ARTICLE
Elmer A. Elizworth
Consolidated Stock Exchange
Elisworth
Hreadway
Ber Beer
Little Board
Hisworth
Gaml
No Price Agreement Reached By Pig Iron Leaders
Leading pig iron manufacturers met at William E. Coreys office seeking reports on conditions but took no action to fix prices. They noted prices are $8 or more below the peak eight months earlier and often below production costs, with ore prices unlikely to drop below last year. Some producers had already begun reductions, contradicting an earlier consensus to hold prices.
MENTIONED IN THIS ARTICLE
William E. Corey
United States Steel Corporation
Tron Marek
Lake Superior
Corey
Harvester Trust Hearing Opens in Missouri Ouster Suit
Jefferson City May 7 taking of testimony began in the ouster suit of Attorney General Haley against the International Harvester Company of America. The company admits doing Missouri business but denies violations of anti trust laws. Cyrus H. McCormick testified about the formation of the McCormick Harvester Company and the later International Harvester Company of New Jersey, including a voting trust and affiliations with George W. Perkins and C. A. Dearing. He said there was no intent to hide, and claimed efforts to conduct business within the law.
MENTIONED IN THIS ARTICLE
Jefferson City
Haley
International Harvester Company of America
Theodore Brace
Missouri
International Harvester Company of
New Jersey
New Jersey Company
C. A. Dearing
George W. Perkins
C. H. McCormick
Cyrus H. McCormick
Chicago
McCormick Harvester Company
McCormick
International Harvester Company
Perkins
Harvester
Hadkler
Mr. McCormick
Charles W. Deering
Byrnes argues for merger of New Haven and Boston & Maine
Boston May 7 Vice President Timothy E Byrnes of the New York New Haven Hartford Railroad testifies before the legislative Committee on Railroads in favor of merging the New Haven and Boston and Maine systems He warns that loss of New England control could spread to the New Haven and promises public benefits including electrification within twenty five miles of Boston Others including Ex Governor John D Long Frederick P Fish Joan Shepard Colonel Sydney O Bigner and George I McDuffie speak in support of the merger
MENTIONED IN THIS ARTICLE
Boston
Legislative Committee On
Raailroads
Timothy E. Byrnes
New York, New Haven & Hartford Railroad
New Haven
Boston & Maine
Byrnes
John D. Long
Frederick P. Fish
Joan Shepard
Sydney O. Bigner
George i. McDuffie
Cumberland Ely mines ore shipped to Steptoe works
Nevada telegrams report the first ore load from Cumberland-Ely mines shipped to Steptoe reduction works. A test run is set for Friday with regular shipments by May 15. Sections of the concentrator are planned in operation by June 15 and July 15, while the smelter roast starts June 1 and converter copper is expected by June 1.
MENTIONED IN THIS ARTICLE
Nevada
Cumberland-Ely
Steptoe
North Butte Extension
W. T. van Brunt
Barnes-King Company
George T. McGee
United States Assay Office
Business Troubles Hit Local Bankruptcy Filings
Yesterday in the United District Court involuntary petitions were filed against the Thomas Mathews Company, a Madison Avenue dealer in art goods, bric a brac and furniture, and against John J Edwards in dry foods and millinery. Other voluntary petitions include Jarvis W Miller a Wallkill carpenter and builder and Jerome Ahrens of West 31th Street with substantial liabilities and assets. Receivers were named for several filers, including Jesse Watson for Travellers Specialty Company, Jerome Ahrens, and Henry Salmadee, with bonds set. A creditor list shows diverse claims on multiple firms, while a sheriff sale of Cuban Eastern Railroad Company office furniture produced proceeds of 470.
MENTIONED IN THIS ARTICLE
United States
Iistrict
Thomas Mathews Company
Madison Avenue
London Realty Company
Beverley M. Brittingham
Thomas Mathews
Grieges
Eee
Thomas J. McManus
Supreme Court
John J. Edwards
Dry Foods
Amsterdam Avenue
He Tefft
Weller & Co
Jarvis W. Miller
Carpenter and Builder
Wallkill
Orange County
N. Y
Joseph Jansen
Newburg
Jerome Ahrens
West 31Th Street
Isaac Walker
West 24Th Street
Jesse Watson
Travellers’ Specialty Company
Tinion Square West
Henry ‘Salmadee
West 20Th Street
Murray
Cuban Eastern Railroad Company
Broad Street
Tracing Securities in McIntyre Brokerage Case Continues
Testimony before Commissioner Gilchrist at the Federal Building identifies loans totaling sixty thousand dollars secured by stock collateral. John G. McIntyre admits little knowledge of operations, while the receiver reveals a pending claim against stock collateral and unsettled checks. The hearing resumes with additional witnesses including Thomas A. McIntyre Jr. and findings of securities worth eighteen thousand five hundred dollars.
MENTIONED IN THIS ARTICLE
T. A. McIntyre & Co
Gilchrist
Federal Building
John G. McIntyre
Stock Exchange
J. Wager
Consolidated National Bank
Charles C. Burlingham
Fim
Missouri, Kansas & Texas
Jonn G. McIntyre
Wager
Ernst
Ryan
McIntyre
Brandt Walker
Thomas A. McIntyre, Jr
Corn Exchange Bank
McIntyre & Co
Stock Exchange Faces Crisis Over Hypothecation Remarks
Indignation grips the New York Stock Exchange as officials deny Thomas A. McIntyre’s alleged claim that brokers hypothecated client securities. Counsel insist no such remark was intentional, while the exchange plans a drastic investigation and officials defend safe-keeping practices amid calls for scrutiny.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Thomas A. McIntyre
Stock Exchange
T. A. McIntyre & Co
Exchange
T. S. Ormiston
McIntyre
Mr. Ormiston
the Exchange
George W. Ely
The
Stock Exchange House
New York Central Rebating Fines Questioned After Death
The New York Central was fined 108000 for rebating on October 19 1906 and Frederick L Pomeroy was fined a similar amount. A sixty day stay of judgment followed while Pomeroy died and Judge Holt voided the judgment against Pomeroy. United States Attorney Stimson appealed in the Pomeroy case arguing the fine could be levied on the executors of the estate as the matter reached the appellate judges.
MENTIONED IN THIS ARTICLE
New York Central
Frederick L. Pomeroy
Railroad
the Central
Pomeroy
Holt
United States
Stimson
Lacombe, Ward and Noyes
Pomeroy Estate
Public Service Corp of New Jersey approves 50 thousand dollar bond issue
Camden May 7 The board of directors authorized a first mortgage on all property to secure 50 000 at par in 6 percent gold bonds dated May 1. The mortgage covers real estate leases of gas and electric properties and pledges all shares and bonds of underlying companies.
MENTIONED IN THIS ARTICLE
Camden
N. J
Public Service Corporation of New Jersey
Railroads win certificates in coal line ties
Albany May 7 Two unanimous Appellate Division decisions uphold the old State Board of Railroad Commissioners action granting certificates of public necessity for the Schenectady and Margaretville Railroad and the Hancock and East Branch Railroad. These lines link a proposed Schenectady to Wilkes-Barre coal route, competing with the Delaware and Hudson line.
MENTIONED IN THIS ARTICLE
Albany
Old State Board of Railroad Commissioners
Schenectady & Margaretville
Hancock & East Branch
Schenectady
Wilkes-Barre
Penn
Delaware & Hudson
Extensions of Mersey Docks Plan Major Expansion
The Mersey Dock Board approves extensions costing 16 million dollars to boost facilities due to rising trade with America and a planned White Star Line build of two nearly thousand foot ships. Extensions aim to accommodate these leviathans, with uncertainty on New York Harbor bulkhead changes.
MENTIONED IN THIS ARTICLE
Liverpool
America
Mersey Dock Board
White Star Line
New York Harbor
North River
Foreclosure suit filed on Churchill Realty property on West 464 Street
N Taylor Phillips filed a Supreme Court foreclosure action yesterday aggregating $54 000 against the Churchill Realty Company. The suit concerns property located on the south side of West 464 Street from No 204 to 224 and adjoining parcels.
MENTIONED IN THIS ARTICLE
Churchill Realty Company
N. Taylor Phillips
Supreme Court
Churchill sale ends claim in theatre dispute
James Churchill proprietor of a restaurant named for him stated last night he sold his interests in the Churchill Realty Company four months ago and has no stake in the ongoing litigation concerning the new Gayety Theatre.
MENTIONED IN THIS ARTICLE
Ing the
Gayety Theatre
James Churchill
Churchill Realty Company
Stockholders Increase In Number Across Railroads
Transfer books across railroad and industrial companies show large stockholder gains. Chicago Milwaukee St Paul Railway exceeds 10 000 holders, up from 6 000 last August. Chicago Great Western surpasses 9 000, up from 7 500 last September. New York Air Brake rises to 1 200 from 8 last October. American Cotton Oil reaches 2 662, up from 2 511 last fall. Hocking Valley Railway and Union Typewriter also report sizable increases.
MENTIONED IN THIS ARTICLE
Chicago, Milwaukee & St. Paul Railway Company
Chicago Great Western Railwer Company
New York Air Brake Company
American Cotton Oil Company
Hocking Valley Railway Alse
Union Typewriter Company
Frivolous, Says P r b R Answer in Ohio Fare Case
The Pennsylvania Railroad filed its answer to a suit by Robert Bacon a Pittsburg produce dealer seeking a uniform fare between Pittsburg and Ohio points. The railroad denies excessive fares and calls the bill frivolous multifarious vague and defective.
MENTIONED IN THIS ARTICLE
Pittsburg
Pennsylvania Railroad Company Today
Robert Bacon
Ohio
Bacon
Pennsylvania
Indiana
Illinois
Gas meters tested show 6 percent fast and 11 percent slow
Public Service Commission inspectors examined 961 meters in April finding 61 meters register too fast, 214 too slow, and 76 correct. Average fast-meter error was 22 percent, slow meters lagged by 2.33. Since July 1997, 5,018 meters on complaint were tested, with 7,488 new and 22,640 repaired and removed meters tested in April, totaling 30.77 thousand. Overall tests through April 30 reached 240.36 thousand.
MENTIONED IN THIS ARTICLE
Public Service Commission
Standard Oil of Indiana Opens New Appeal Fight
Chicago May 7 The Standard Oil Company of Indiana began a new legal battle to avoid paying the 29 240 000 fine levied by Judge Landis John B Miller for the company argued on appeal that it did not know its rates were illegal and that shipments should be evaluated per train load rather than per car as charged in the indictment.
MENTIONED IN THIS ARTICLE
Chicago
Standard Oil Company of
Indiana
Landis
John 8. Miller
Clearing House talks on trust company admission
A Union League Club dinner led by Alexander Gilbert discussed admitting trust companies to associate Clearing House membership. William A. Nash proposed a 15 percent reserve basis, but no concrete plan was decided. Bankers debated whether the reserve requirement was adequate for trust company inclusion.
MENTIONED IN THIS ARTICLE
Alexander Gilbert
Clearing House Association
Clearing House
Union League Club
William A. Nash
Corn Exchange Bank
Indian Commissioner at Garden Inspires Madison Square Visit
Francis E. Leupp the Indian Commissioner made an informal stop at Madison Square Garden where multiple groups of Indians lined up for inspection. An address of welcome praised Colonel Cody for his work with the red men as Iron Tail via Harry Bright Eyes reported happiness and Lone Bear claimed he could almost speak English.
MENTIONED IN THIS ARTICLE
Francis E. Leupp
Madison Square Garden
Colonel Cody
Iron Tail
Harry Bright Eyes
Lone Bear
Cobalt Prices in Toronto Readout from Stewart & Lockwood
A Toronto market notice lists bid and asked prices for cobalt from various firms and locations. The daily sheet includes entries such as Buffalo, Peterson Lake, Cobalt Lake, Silver Leaf, and Red Rock, with mixed percentages and cents figures, alongside several place names and notes.
MENTIONED IN THIS ARTICLE
Stewart & Lockwood
Hn No
Exchange Place
Buffalo
Peterson Lake
Cobalt Lake
Silver Queen
Foster Se
Watts
Coniagas
New Temiskam
Tiveen Meehan
Trethener
Kerr Lake
Red Rock
McKinney
Crown Reserve
Nipissing
Little Nipis
Devascotm
Foreclosure Sale Notice for 227 Washington and 87 Barclay Sts New York
Foreclosure sale scheduled for April 16, 1908 at 1 PM by auctioneer Joseph P. Day. Properties include two Manhattan parcels known as 227 Washington Street and 87 Barclay Street, with detailed boundary descriptions and improvements. Referee Terence J. McManus and attorney Frederick S S Jackson list debt around 45,975 plus costs, with subsequent adjournments to April 30 and May 7, 1908.
MENTIONED IN THIS ARTICLE
Maximilian Fleischmann
Pany
Gertrude R. Waldo
Sateen
Yesey Street
Borough of
Manhattan
City of New York
Joseph P. Day
State of
New York
Washington Street
Barclay Street
W Street
Mary E. Newbold
Laura V. Rhinelander
Mary R Swan
L. Gallatin
Mary J. Gallapin
Gertrude R. Wa
Terence J. McManus
Frederick S&s. Jackson
Madison Avenue
New York City
Terence J. McMants
Proposals for New York Board of Water Supply Buildings
Sealed bids and proposals are invited by the Board of Water Supply for the construction of a field office building in Marbletown Ulster County New York and the Wallkill pressure tunnel in Ulster County New York. Bids close May 12 1908 at 11 am at 239 Broadway New York and readings will be public. Pamphlets with contract forms and drawings cost $5 to $10 and must be returned within 30 days. Other notices include tenders for Rondout Siphon and Monticou Grade Tunnel in Marbletown and New Paltz and additional ordnance supply bids at Rock Island Arsenal Watertown Arsenal Ellis Island and Tompkinsville.
MENTIONED IN THIS ARTICLE
Eadvertisement
Board of Water Supry
Broadway
New York
Board OF Water Supply
Marbletown
Ulster County
John A. Bensel
Charles N. Chadwick
Charles A Shaw
Board
Wallkill
New Paitz
Gardiner
John Bensel
Charles N. Shaw
J. Waldo Smith
Thomas Hassett
New Paltz
Al—Ester County
Fet
Rock Island Arsenal
Hook Island
E Hobbs
Commissioner General of Immigration
Department of Commerce and Labor
Washington, D. C
Ellis Island
New York City
Secretary of Commerce and Labor
Commissioner of Immigration
New York Harbor
Robert Watchorn
Tompkinsville
N. Y
Southwest Ledge
New London Harbor
Connecticut
Watertown Arsenal
Watertown
Mass
Whitehall Street
A. L. Smith
TC. S&s. Army
Orange
Ontario & Western
Broadwar
Columbus Ave
3D Ave
West 125Th St
Desbrosss
West
St. Ferries
Beaver St
Brooklyn
Nostran
Anderson
Trafic
Philadelphia Stocks Show Mixed Quotation Figures
Market notes list various company bids and asks across rail, steel, electric, and trust stocks. Highlights include Cambria Steel, Philadelphia Electric Co, Union Traction, Lehigh Navigation, and Philadelphia Rapid Transit with diverse price points and preferred issues.
Also Mentioned on This Page
Join Trust Companies
Farmers’ Loan Directors
Western Pacific Financing Plan
Queer
Jersey
Mersey Docks
Sues Churchill Realty Company
P. RB. R
Standard
Garden
Clinton Gilbert
Law Mtg Co
Allance Realty
1St Am Surety Co
Lincoln Law
Astor
Bankers
L&t
Mtge
Mount Vernon
Eace Ase
Bowling Green
Manhattan Mercantile
Brodway
Kion
Au Metropolitan
Mise Bond Co
Cas Co
Kon
Central TV
Brutal
Cent Realty
Mutual
Inestia 3S
Nassaua
Columbia
Commonwealth
NY Trust Co
Equitable
Queens County
Farm L&t
Realty Assoc
Fifth Ave
Standard Trust
Flatbush
Tr & Tr Co
Fulton Ae “ Trust Co
Fidelity
Union Evcees
Guardr Co
Guardian . S Casually
Hamilton
Beéwa
Home Trust Co
Usstg&icc
Hudson Realty
van Norden
Hudson
Washington
Inter Boro
Westchester
Kings County
We Bts M
Knickerbocker
Windsor
Frederic H. Hatch
Tocks
Cee Ee
Kcel&pp
Lacka Steel
Am Brass
Lord & Tay
Am Chiel
Lorillard P
Am Coal P
Nat Cash Oei
R&l
Bhs
Texas Co
Trenton
Empire 5 & I
Union Carbide
Herr-H
Union Ferry
Jonion
United Bk
Kirby Lom
P&f
T&s
Pt & C
Sun C Co
Toronto
Ite Street
Barclay
Uptown
Girth
6Th Ave
East 14Th
125Th St
Téth
77Th Ats
Dear Olet
ITOS
Tremont Ave
Philadelphia
Charles D. Barney & Co
Bread Street
South 4Th Street
Welsbach
Ae Bela Eas
West Point
Washington. DC
Henry BF
Morrow
Henry L. West
Jay
J. D.C
Lakes OF the Adirondacks
Hotel Champlain
Lake Champlain
Clinton County
York
Robert Murray
Fort William Henry
Lake George
M. F
Saratoga Springs
Sth
J. F. Wilson
Prospect House
Shelter Island Heights
I. SS Ae
Metropolitan Blig
Madison Ave
Polephone
Gramercy
Martin
Chalfonte
Atlantic City
Leeds Company
Marlborough
Klenheim
Armertea
Eure
Josiab White
3ONZ
Traymore
Jatlantic City
Traymore Hotel Company
CHAS
Marquette
D. & Whitnt
Hotel Dennis
Walter J. Suzst
Montclair
Montclair, N. J
LA Toure
Tourete
Kittatinny
Delaware
Water Gap
American Plan
Frank Cope
Arthur W. Plime
New London
New London Business Men's Asse
Starin
Om Sound
Cane Island
Hudson River
Glen
Richmond
Sunsat Actien
Cortland Phone
Aspen Contianst Cortlandt
Brealitz School OF Languages
Madison Square
Harlem
Lenox Ava
Court St
Asbury Park
N. F
American and Foreign Teachers Agency
M. J. Young
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